India’s growth Prospects will go up 7.2 in 2019 : Moody
The US-based rating agency, Moody’s Investors Service, is out with its latest view on India;s growth prospects.
Moody’s says that supported by robust economic growth agency expects that real GDP in India will grow 7.2% in the year ending March 2019 and 7.4% in the following year, driven by investment growth and strong consumption.
Outlook for the banking system in India is stable for coming months.The banks’ funding and liquidity will stay strong.
The funding and liquidity profiles of public sector banks, in particular, will remain resilient, despite their solvency challenges.Moody’s says that government support for public sector banks will stay strong.
Moody’s said in its report that China’s economic growth will likely slow during 2019-2020, amid government deleveraging and de-risking policies as well as on the US-China trade tensions.
